PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: AK2004 who wrote (512521)	12/18/2003 5:34:37 PM
From: Lizzie Tudor	Read Replies (1) of 769667

You have said this before, not to me but to others. Actually it is YOU who do not understand economics, but you think you do.... which is the most dangerous sort of problem. The US economy is either 70% or 80% consumer based, depending on whose statistics you believe. Therefore, regardless of what economic theoriticians point out, the fact is that the current US economy can not recover in a meaningful way if "mom and pop" are cut out of the equation. No retail spending in the US = no recovery. So pump up the values all you like... I think the CEOs of walmart, target, best buy and Pier one know the reality. BTW in order for the economy to be self sustaining we need to create 150K jobs per month. Also oil is the key factor to look at for consumer cost of living adjustments. Notice what the bond and treasury markets think of this "recovery"

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